Kopin vs Rekor Systems
Rekor Systems is the larger business, with $48.5m of revenue in fiscal 2025 against $39.3m for Kopin (1.2 times as much). Rekor Systems grew faster (5.3% against -21.9%). Kopin kept more of each dollar of sales as profit: a net margin of 6.6% against -64.9%. Kopin carries less debt relative to equity (0.0% against 35.4%).
| Latest fiscal year | KopinKOPN, 2025 | Rekor SystemsREKR, 2025 |
|---|---|---|
| Revenue | $39.3m | $48.5m |
| Revenue growth | -21.9% | 5.3% |
| Net income | $2.6m | −$31.5m |
| Operating margin | -25.1% | -59.6% |
| Net margin | 6.6% | -64.9% |
| Return on equity | 6.0% | -81.7% |
| Free cash flow | −$17.0m | −$22.9m |
| Cash | $36.4m | $16.6m |
| Total debt | $0 | $15.2m |
| Debt to equity | 0.0% | 35.4% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $189,000 |
| Employees | 145 | 234 |
| Market value | $649m | $46.6m |
| Price vs our value range | — | — |
| Moat score | 9 (Weak) | 16 (Weak) |
| Insider trades, 12 months | 0 buys, 8 sales | 0 buys, 0 sales |